Derivs - FX

Buy and sell-side firms have rejected suggestions that they should have to post additional margin or participate in default funds in the aftermath of last year’s default at Nasdaq clearing.

The World Federation of Exchanges has warned that the European regulator’s proposals for EMIR 2.2 risk fragmenting global markets, raising costs for end users and damaging international relations.

TP ICAP has appointed Michel Planquart as regional CEO for EMEA, giving him oversight of risk and governance for the region.

Bloomberg has acquired regulatory consultancy and technology company RegTek Solutions as it pushes to strengthen its regulatory reporting product.

The Global Association of Central Counterparties (CCP12) has warned against further regulation of default management auctions and the risk of adopting a “one-size-fits-all” auction approach to central counterparty clearing houses (CCPs).

Interdealer broker Tradition’s data and analytics unit has partnered with risk pricing specialist Numerix to launch an FX derived data product.

The US Commodity Futures Trading Commission has appointed Summer K. Mersinger as director of the office of legislative and intergovernmental affairs and Suyash G. Paliwal as director of the office of international affairs.

Futures Industry Association data shows that average trading volume on swap execution facilities (SEFs) for July hit its seventh highest level since the trading association's records began.

Singapore Exchange is witnessing new record high volumes in USD/CNH futures on the back of trade related market angst.

CLS, the US foreign exchange settlements company, has launched a same-day settlement service, with JP Morgan and Goldman Sachs being the first banks to sign up.

Invesco has made two hires, Ali Zouiten and Derek Steeden, to bolster its derivatives-based solutions.

Asset manager Union Investment has begun trading Eurex FX futures as part of its overlay strategy.